10月以来，市场开始宽幅震荡，投资难度随之加大。截至11月27日，创业板指从本轮行情最高点的最大回落幅度超过13%，但从今年以来的整体涨幅看，创 业板指依旧领涨各大宽基，截至11月27日，创业板指自6月23日大盘开启上攻以来涨幅超40%，在主流宽基指数中遥遥领先；拉长时间维度，今年以来创业 板指仍稳居第一梯队，展现出极强的市场弹性，同时近10年PE分位数处在约32%分位，在各大宽基中依旧处在相对低位。 值得注意的是，天弘基金今年联合深交所基金部联合推出创业板定投策略，该策略结合市场估值采取定期不定额的方式投资，更好实现"低买高卖"。天弘指 数基金经理沙川从7月底在支付宝开启实盘定投，并在8月底继续定投；但9月、10月随着市场冲高，创业板指估值较高，沙川根据定投策略设定暂停定投； 而时隔3个月之后，随着创业板指估值回落，11月份再次触发对创业板的策略定投。 为方便投资者直观了解，天弘基金发布了沙川定投记录表。感兴趣的投资者可借道创业板ETF天弘(159977，场外A类001592/C类001593)开启定投。每月定 投金额也可关注天弘基金官方微信，在菜单栏"工具·资讯"--"策略定投"进入专题页面，查看每月最后 ...

Core Viewpoint - The article emphasizes the growing importance of ETFs as a long-term investment tool in the Chinese market, particularly with the launch of a new dynamic PB-based investment strategy for the ChiNext index by Tianhong Fund and the Shenzhen Stock Exchange [1][2]. Group 1: ETF Market Overview - The domestic ETF market has surpassed 4 trillion yuan, with stock ETFs exceeding 3 trillion yuan, indicating a rising demand for index tools among investors [1]. - Tianhong Fund's total index fund management scale is projected to exceed 130 billion yuan by the end of 2024, ranking 9th in the industry, with over 90 products and more than 12 million holders [3]. Group 2: Investment Strategy - The newly introduced ChiNext investment strategy uses dynamic PB percentiles as a valuation anchor, promoting a "buy low, sell high" approach by adjusting investment amounts based on PB levels [2][5]. - The strategy aims to enhance investor experience by addressing four major pain points in regular investment practices, focusing on effective buying and selling conditions [2][4]. Group 3: Market Trends and Insights - The ChiNext index has been optimized to improve investment value, with new mechanisms for monthly removal of risk warning stocks and ESG negative screening, enhancing the quality of index samples [8]. - The overall valuation of the ChiNext is currently at a relatively reasonable historical level, indicating a higher probability of positive returns in the future [8]. Group 4: Educational Initiatives - The Shenzhen Stock Exchange has been actively promoting ETF product innovation and investor participation through educational events like the "ETF Lecture Hall," aiming to instill a scientific investment mindset among investors [4][10]. - The collaboration between Tianhong Fund and Ant Wealth has led to the development of practical tools such as "Target Investment" and "Index Traffic Light" to assist investors [3].